• For banks, bailout. For consumers, credit advice. The Treasury Department started a campaign last week to educate Americans about the importance of credit. The campaign was not designed for Wall Street banks, currently awaiting the details on their $700 billion government bailout, but
  • Wall St. credit turmoil felt on Main St.. Credit for consumers and companies alike was choking to a halt as the crisis on Wall Street intensified earlier this week. But when word of a government bailout for financial institutions began to circulate yesterday,
  • FTC settlement shines light on bad practices. Fannie Mae, Freddie Mac, Merrill Lynch and Lehman Brothers have dominated recent headlines, but a little-noticed $28 million settlement earlier this month between the Federal Trade Commission (FTC) and what's left of Bear Stearns symbolizes the
  • Era of easy credit comes to abrupt end. The years of easy money were fun while they lasted. Banks and credit card providers were so flush with cash that they could help virtually anyone — including many who had trouble juggling their bills — pay
  • AIG Insurance: How am I affected?. The financial problems at American International Group Inc. may be causing you great concern if you hold an AIG life, health, home or auto insurance policy, or have an annuity with the company. Insurance industry
  • Qué hacer después de un huracán. Todos sabemos que un huracán arrasa. Pero también es cierto que, después de su paso, es mucho lo que podemos hacer para recuperarnos de los daños, reorganizar la casa y la
  • The effects of credit crisis at home. The turmoil sweeping through the financial markets has left many people worried about their own stocks, bank accounts, and retirement funds. The tottering of investment bank Lehman Brothers, the weakening cash position of AIG, and
  • No 'golden parachutes' for Fannie, Freddie ex-CEOs. The government yesterday said it would not allow Fannie Mae and Freddie Mac to pay their departing chief executives the separation payments, known as "golden parachutes," outlined in their contracts. The Federal Housing Finance Agency
  • Mantén el mejor historial de crédito. Una vez que hayas establecido tu historial crediticio, deberías seguir estos consejos básicos para mantener y desarrollar el mejor historial que puedas. Paciencia y moderación 1. Sé paciente; no aceptes todas las ofertas
  • Reportan un récord de foreclosures en EEUU. Los trámites de ejecuciones hipotecarias en Estados Unidos subieron a un nivel récord en agosto conforme la caída de los precios de las propiedades convertía en una tarea difícil vender
  • FHA loans enjoy a boom. It was the mortgage of last resort when home sales were booming. Buyers balked at the paperwork. Sellers hated the home-repair rules. What a difference a housing bust makes. "Now, it's almost automatic that it's
  • Rescate de hipotecarias ayudará sólo a algunos. Pocos fuera de Washington y Wall Street podrán entender qué hacen las gigantes hipotecarias Fannie Mae y Freddie Mac, pero el rescate de ambas emprendido por el gobierno probablemente se sentirá en las ciudades
  • These home equity loans come with big risks. When an investor offers you $50,000 or $100,000 in exchange for 30 percent to 50 percent of your home's future appreciation, is it a good deal? That's what some investment firms are promoting as an alternative to traditional home
  • Housing, credit cards on Congress' plate. Although lawmakers have a lot to do, including passing 13 appropriations bills, congressional leaders are knocking down expectations of accomplishing much beyond a simple continuing resolution that would keep the government in operation until January. Democratic
  • Mortgage rates plunge for those who qualify. The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls. But there's a catch: Although the lower interest rates
  • Lose your house, lose your vote. The chairman of the Republican Party in Macomb County Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the
  • Mortgage giants’ future: rebuild or teardown. A day after the government seized control of the nation’s two largest mortgage finance companies, policy makers and Congress began what promises to be an epic political fight over how to revamp the companies
  • Federal Government to takeover Fannie Mae and Freddie Mac (Chinese). 【綜合報道】美國財長保爾森周日宣布,接管陷入財困危機的兩大半官方按揭貸款機構房利美與房貸美,準備注資2000億元,撐住兩房。消息透露,檢討過兩房帳目後,當局發現兩房原來大玩會計財技,誇大資本水平,手頭實際資本遠低官方要求,白宮逼於無奈,只好出手拯救。總統布殊表示,政府出手接管陷入困境的兩房,可望為美國經濟打了強心針。而受美國接管兩房消息影響,亞洲股市普遍造好。(相關新聞刊A2)

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Housing Menu

Help Desk